© Reuters. Chinese foreign exchange reserves rise 0.33% in December
Beijing, Jan 8 (EFE).- Chinese foreign currency reserves increased by 0.33% month-on-month in December to 3.128 trillion dollars, the State Administration of Foreign Exchange (SAFE) reported this Saturday.
The increase with respect to November was about 11,000 million dollars, the institution indicated in a statement published on its website.
SAFE Deputy Director General and Chief Spokesperson Wang Chunying explained that the increase was due to the “combined effect of changes in currency exchange rates and asset prices” against a backdrop of falling and exchange rates. in the monetary policies of the main countries given the current growth and inflation expectations.
In December, Wang said, the supply and demand for foreign currency in China remained “balanced.”
Despite this, the spokeswoman once again warned of volatility in international financial markets, although she continued to express her confidence in the resilience of the Chinese economy and that the levels of national foreign currency reserves remain “stable”.
